Dollar Climbs After Fed; Stocks, Futures Decline: Markets Wrap

(Bloomberg) — The dollar climbed and Asian stocks dropped with U.S. and European futures Thursday after Federal Reserve Chair Jerome Powell highlighted uncertainty about the economic rebound. Treasuries ticked up.A gauge of Asian shares fell the most in a week, with losses greatest in Hong Kong, South Korea and Australia. S&P 500 futures slipped about 1%. The U.S. benchmark erased gains on Wednesday to end the session lower after Powell said policy will remain accommodative while cautioning that the pace of economic activity will likely slow. A tumble in tech giants such as Apple Inc. and Facebook Inc. weighed on …read more

Source:: Yahoo Finance